HAO TIAN INTL (01341) has entered into a possible strategic cooperation agreement with Jiangsu Lettall Electronic in the field of AI computing power-related business.

HAO TIAN INTL (01341) announced on February 7, 2025 that the company has entered into a non-legally binding strategic cooperation framework agreement with Jiangsu Lettall Electronic Co., Ltd. (Jiangsu Lettall Electronic) regarding possible strategic cooperation in the field of artificial intelligence (AI) computing power. Over the past year, the field of AI has seen deep development from large language models to multimodal models and embodied intelligence. The breakthrough development of the open-source model DeepSeek has significantly reduced the training and inference costs, lowering the application threshold for large models and providing users with a more convenient access method, consequently driving the commercialization process of AI. This trend is also accelerating the evolution of data centers from Internet data centers (IDC) to AI data centers (AIDC), bringing new opportunities for industry development. The group actively seeks investment opportunities in the AI field with potential, aiming to diversify and enhance its asset portfolio, expand its sources of income, and accelerate the overall growth of the group. If the strategic cooperation can be realized, it will contribute to the business development of the group.